Entertainment Industry

The entertainment industry is unique from other business and is treated by the Australian Government and its representatives (including the Taxation Office) accordingly. This is to encourage not only economic growth but also the cultural benefits that this industry provides.

Listed below are just a few of the concessions that apply only to the entertainment industry:

  • Refundable tax offsets including the Producer Offset, Location Offset and PDV Offset
  • Income averaging for special professionals
  • State-based incentives
  • Payroll tax concessions
  • Film funding grants
  • Performing artists PAYG withholding rates
  • Specific industry deductions available for performing artists
  • Specific double tax treaty clauses with other countries

If your accountant isn’t in the entertainment industry, then you may not be getting the benefit of these incentives!

Lotus Accountants has the knowledge and experience to ensure that you take advantage of all the concessions available and leave you to worry only about the creative side of your business.

Our clients include some of the top Directors and Production companies in Australia. The knowledge we have acquired over 25 years in the Industry is unique in the accounting profession and our growing client list is testament to our service.

How can we help you?

We provide advice and assistance with:

  • Assistance in structuring and incorporating the Special Purpose Vehicle (SPV)
  • Tax planning and advice
  • Assistance and lodgement of the QAPE application (where we are not the auditors)
  • Film Production & QAPE audits
  • Members’ voluntary liquidations
  • Tax return preparation with QAPE rebate